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Lennar Loss Widened in Period

Home builder Lennar Corp.'s loss widened in its fiscal first quarter, but it managed to generate more sales than some analysts had expected amid the start of a dismal spring selling season.

For the three months ended Feb. 28, Lennar reported a loss of $155.9 million, or 98 cents a share, compared with a year-ago loss of $88.2 million, or 56 cents a share. Revenue plunged 44% to $593.1 million.